In 2024, natural gas prices have spent almost the entire year under $3.00 per Mcf (thousand cubic feet), including a few months under $2.00/Mcf. You would think such low prices would have a negative effect on the stock prices of publicly traded Marcellus/Utica gas producers. Not so! Stock prices for our drillers have remained “remarkably…
Read More...In July, MDN brought you the news that the largest natural gas producer in the country, EQT Corporation, totally focused on drilling in the Marcellus/Utica, was still curtailing (intentionally reducing) some of its M-U production through the second half of 2024 (see EQT 2Q – Selling Rest of NEPA Non-Op Assets, Curtailing 500 MMcf/d). A…
Read More...EQT CEO Toby Rice has been in New York City for the city’s so-called Climate Week. Rice (EQT) is a member of the Partnership to Address Global Emissions. Bloomberg is reporting on several comments made by Rice that are intriguing and insightful—comments about the coming important role of AI data centers, when the price of…
Read More...The Susquehanna River Basin Commission (SRBC) published a notice in the Saturday edition of the Pennsylvania Bulletin that says the SRBC’s Executive Director recently approved or renewed 24 general water use permits for shale gas drilling pads in Bradford, Cameron, Clearfield, Clinton, Lycoming, Susquehanna, Tioga and Wyoming counties in the Keystone State (full list below)….
Read More...There were 15 permits issued to drill new shale wells in Marcellus/Utica for the week of Sept. 9 – 15, up one from the previous week. The Keystone State (PA) had six new permits, and all six went to EQT for a single well pad in Greene County. The Buckeye State (OH) had nine new…
Read More...In May, the socialists of the European Union (EU) adopted into law a new regulation aimed at tracking and reducing methane emissions within the energy sector (see MiQ Claims Its Cert the Only One to Meet New EU Methane Regs). The onerous new reg introduces new requirements for measuring, reporting, and verifying methane emissions. The…
Read More...Toby Rice, CEO of EQT Corporation, currently the largest natural gas producer in the U.S., spoke yesterday at the Gastech event in Houston. Rice expressed his view that the Henry Hub price for natural gas will remain below $3/MMBtu “in the short term.” He also had thoughts on how long companies like his will continue…
Read More...We spotted a report about an aboveground pipeline that flows shale wastewater that sprung a leak and released an estimated 12,600 gallons of brine (salty water from deep below the surface) on the ground in Gilmore Township, Greene County, PA. The pipeline is owned by EQM Gathering, another name for Equitrans Midstream, which is now…
Read More...The Ohio Department of Natural Resources (ODNR) released production numbers for the second quarter of 2024 yesterday. The story the numbers tell continues to be about Utica oil, which continues to rise each quarter. Ohio’s total oil production during 2Q24 was 8.01 million barrels, up 23% from 2Q23’s 6.5 million barrels and up 11% from…
Read More...In July 2022, MDN brought you news of a possible frac-out, or “inadvertent return” that happens when drilling mud pops out of places where it’s not supposed to — places outside the borehole being drilled (see Possible Frac-Out Reported at EQT Well Site in Greene County, PA). A landowner who lives near a well being…
Read More...The RealClear Media Group has a suite of online publications that are just terrific. Among them is RealClearEnergy. Back in June, RealClearEnergy hosted the Energy Future Forum in Washington, D.C. Among the luminaries speaking (or being interviewed) was Toby Rice, CEO of the country’s largest natural gas producer, EQT Corporation. Toby addressed the role of…
Read More...(From left) Graduate student Peidong Liu and mining and minerals engineering Associate Professor Wencai Zhang analyze water samples in the lab. Photo by Hailey Wade for Virginia Tech. Researchers at Virginia Tech’s College of Engineering have developed a “novel method” for direct lithium extraction from Marcellus produced water to contribute to the high demand for…
Read More...For the week of Aug. 26 – Sept. 1, a total of 32 permits were issued to drill new shale wells in Marcellus/Utica, nearly matching the previous week’s 34. It’s nice to see the numbers returning to higher levels. The Keystone State (PA) had 18 new permits. PA’s top recipient was EQT (and its subsidiary…
Read More...There’s just no way to sugarcoat the fact that the low low price for natural gas is having an impact on shale drillers in the Marcellus/Utica. According to an analyst with RBN Energy, a price plunge to near the $2/MMBtu level in early 2023 “crippled” financial results for the companies RBN monitors that are gas-focused…
Read More...For the week of August 19 – 25, a total of 34 permits were issued to drill new shale wells in Marcellus/Utica. The Keystone State (PA) had 16 new permits. PA’s top recipient was Chesapeake Energy, with six permits in Bradford County. Coterra Energy was a close second, with five new permits issued in neighboring…
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